Financial Market Data Web Services – Xignite Blog

Index Oasis, a company focused specifically on index analysis, is helping financial advisors, money managers and investors to manage their portfolios more wisely, with a web-based software platform. At the center of the Index Oasis system is a new web service offered by Xignite, XigniteIndexComponents.  This Financial Web service provides lists of securities and weightings that are used to calculate over 40  U.S. stock indices.  While XigniteIndexComponents is a fairly simple service, it is the industry’s first on-demand Web service to provide Index Component data.

To us, Index Oasis illustrates how companies can leverage our on-demand platform to obtain only the data that is needed, without the heavy up-front investment in infrastructure, ongoing maintenance costs and lengthy development efforts. By utilizing Financial Web services, Index Oasis realized huge savings in time, development and infrastructure investment, accelerating time to market by 35% and reducing data integration to fewer than 10 lines of code.  This is what Xignite Web Services it is all about, saving time, effort and money.

If you’d like to read more, there is more detail in this feature article by Inside Market Data (you’ll have to register if you are not a regular reader of the site), or you can check out the index components press release.